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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1929 Canyon Rd Vestavia Hills, AL 35216

    • Commercial real estate
    • 3,911 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0888947
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1929 Canyon Rd

    Year built
    1960
    Lot size
    0.86 lot acres
    Property size
    3,911 SF
    Property type
    Commercial real estate

    Description

    This exceptional two-story office building, situated on a 0.86-acre lot in Vestavia Hills, Alabama, presents a compelling investment opportunity. Boasting 3,911 square feet, the Class B property is priced at $650,000, or $166.20 per square foot. Constructed in 1960, the building offers a multi-tenant configuration, currently housing three non-profit tenants occupying smaller first-floor offices. These tenants may remain or vacate, providing flexibility for the new owner. The property is ideally suited for an owner-user seeking a prime location in Vestavia Hills, or for an investor looking to capitalize on a redevelopment or renovation opportunity. Detailed renovation plans and a survey are readily available for review. High-quality interior photographs are also available to showcase the building's current condition. The property's address is 1929 Canyon Rd, Vestavia Hills, AL 35216, within Jefferson County. This is a rare chance to acquire a well-located office building with significant upside potential. Don't miss this chance to secure a valuable asset in a thriving Alabama market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vestavia Hills
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7941968
    Latitude
    33.4451735

    Comparable in this City

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      Vestavia Hills Medical Office Building

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      Hoover Office Building - $1.275M

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      Lorna Road Office Building Investment

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      Hoover Office Building - $685K

      Prime Hoover location, 5,052 SF office.
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    Similar Nearby for Sale

    • Contact for pricing
      33,240 SF

      Remodeled Office Building in Hoover

      Three-story office building with convenient access and modern amenities.
      3100 Lorna Rd, Hoover, AL 35216
      View Details
    • $650,000
      0.75 Acres

      Hoover Office Building For Sale

      Office building in Hoover, Alabama, with high traffic count.
      3041 Lorna Rd, Hoover, AL 35216
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    • $2,540,000
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      Vestavia Hills Medical Office Building

      8,614 SF Medical Office, 100% Occupied
      1680 Montgomery Hwy, Vestavia Hills, AL 35216
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    • $1,275,000
      4,443 SF

      Hoover Office Building - $1.275M

      Class A Office, 4,443 SF, 1.5 Acres
      1945 Patton Chapel Rd, Hoover, AL 35216
      View Details
    • $1,600,000
      16,800 SF

      Lorna Road Office Building Investment

      Birmingham Office Building: High-Visibility, Multi-Tenant
      3057 Lorna Rd, Birmingham, AL 35216
      View Details
    • $685,000
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      Hoover Office Building - $685K

      Prime Hoover location, 5,052 SF office.
      3585 Lorna Ridge Dr, Hoover, AL 35216
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
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      Hoover Flex Space For Rent

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      3433-3439 Lorna Ln, Hoover, AL 35216
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    • $19 SF/Yr
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      Highpoint Office Center: Prime Space Available

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      400 Vestavia Pkwy, Vestavia Hills, AL 35216
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    • $16 SF/Yr
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      Lorna Road Office Space for Lease

      1,950 SF Office, Birmingham, AL
      3033 Lorna Rd, Birmingham, AL 35216
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    • Contact for pricing
      25,428 SF

      Lorna Square Office Suites

      Hoover, AL Office Space Available
      3150 Lorna Rd, Hoover, AL 35216
      View Details
    • $18 SF/Yr
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      Vestavia Hills Office Space Available

      Prime Office/Medical Suites in Vestavia Hills
      700 Montgomery Hwy, Vestavia Hills, AL 35216
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    • $21 SF/Yr
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      Suburban Office Park Space Available

      Professional office space in a desirable residential and commercial area.
      3280 Morgan Dr, Vestavia Hills, AL 35216
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    1929 Canyon Rd
    Vestavia Hills, AL 35216
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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